Disclosed e-mobility funding at over €1.3Bn

Dutch consultancy EVBoosters releases its funding report for global e-mobility investments in Q1/2020. While they saw the market slowing down as the first lockdowns set in, companies kept making deals in some unusual fields in particular. E-mobility related start-ups disclosed financing deals amounting to 1.56 billion dollars throughout the first quarter of this year. Although […]

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Giga Berlin under threat from German bureaucracy

It is all in the water when it should be in the bag. The trouble surrounding permissions to build the Tesla Gigafactory in Germany continues as local media reports. A company charged with covering the water requirements for Giga Berlin has stopped planning. Regional broadcaster RBB reports this online, citing an internal letter from the […]

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Nio signs credit lines with local banks for 1.3 billion euros

Nio is moving on from crisis as the EV start-up secures fresh capital from banks in China. The company had signed credit lines with six domestic banks for a total of 10.4 billion yuan (around 1.3 billion euros) just days ago. Chinese media localises the news firmly in Anhui province as all of Nio’s new […]

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Xpeng Motors collects $500M to develop more EVs

Xpeng, an electric vehicle start-up run by former Alibaba executive He Xiaopeng, has raised around $500 million in a new round of financing. The company says it wants to develop further models targeting tech-savvy middle-class consumers in China. XPeng had only launched the second model in China, the P7 this June. Also the recent funding […]

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Tesla to set up “tent” to make more Model Y

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Tesla is building another tent structure at the Fremont plant to produce more Model Y. The end of this month will see a major upgrade including a short shutdown of the factory. Meanwhile, there are contradictory data on the number of coronavirus infections at Tesla. But first to the Model Y: Rumours started already at […]

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Nissan Ariya: Dedicated EV design for a “new” Nissan

Nissan revealed the new all-electric model in Japan today, deeming the Nissan Ariya crossover “to mark a new chapter” for the company’s electric vehicles to come. Indeed, the most criticised or missing features in its other EV have received a long-overdue makeover. Electrive took part in a roundtable with Marco Fioravanti, responsible for R&D Product […]

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Rivian collects $2.5Bn, says production is on track

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The relative newcomer in the electric vehicle space, Rivian, has raised another 2.5 billion dollars in its latest round of funding. Existing investors BlackRock and Amazon chipped in again with others joining in this time, among them the fund of George Soros. Other investors in Rivian’s round of investment included Fidelity Management and Research Company […]

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Texas approves incentives for Tesla Cybertruck Gigafactory

Tesla appears one step closer to building Giga Texas, a facility destined to make the Cybertruck. A state’s school district approved numerous tax breaks, which make the construction near Austin seem more and more likely. We reported already in June that Tesla had made its choice for what will become the second Gigafactory in the […]

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Next-gen Formula E cars to get more power & recuperation

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The FIA World Motor Sport Council has set the course for the third Formula E generation. From the 2022/23 season onwards, the cars will be more powerful and recuperate better. FIA has also appointed several suppliers to make standard components for the next-gen racing cars. The so-called Gen3 electric vehicles will race in seasons 9 […]

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Daimler in talks to sell French Hambach plant

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Daimler plans to sell its plant in the French town of Hambach, where they build the Smart electric vehicles. In 2018, Daimler had announced that the Hambach plant would also make a compact model of the electric car brand EQ, presumably the EQB. Where Daimler will produce said EQB in the future is still unclear. […]

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